Taxation: What is "Fair"?

At what rate should an individual who makes $1,000,000/Yr be taxed?

  • Total voters
    14
Paying reasonable taxes is the duty of all patriots.
It is simply a matter of personal responsibility as a citizen to help support your country.
 
Azathoth said:
I am in favor of simplifying the tax code by narrowing it down to two rates, with only a few possible deductions: mortgage, education, and charitable giving. While the rates would need to be set according to revenue projections, I'd venture to say that 15% on >$35,000 and 30% on >$1,000,000 would be sufficient. It would probably generate a hell of a lot more revenue than the current system, too.
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there is no fair tax, ask any taxpayer
 
"No bastard ever won a war, by dying for his country. He won the war by making the other poor, dumb bastard die for his country."-Gen. George Patton the Great
 
I have never understood the thinking behind a larger tax rate for people who make over a certain amount. It is as if we are saying they are somehow more obligated to help than others, based on their success. I understand, they make more and should have to pay more, but they do already, even when their rates are the same. But why should they give a larger portion of what they make than anyone else? That has never made sense to me, we are all supposed to be "equal" right? How is it, some of us are more obligated to shoulder the burden than others? We should all be equally responsible for the burden, it shouldn't be dependent upon how well you've done. If you made more, you naturally paid more, that's where it should end. You shouldn't pay more AND ALSO have a higher rate.

I think the arguments for "those who make over a million" are stupid because of the principle. You are establishing an arbitrary threshold where you will sell out your principles and admit that we should tax people based on how successful they are. For now, that amount is $1 million, what will it be in 25 years? We gonna keep it at $1 million forever and always? Yeah, right!

18-22% -- Everyone pays, with the exception of people who fall below poverty level, or live on fixed income, they pay nothing. No deductions or credits, no loopholes. Although, I would still prefer a national sales tax with the complete elimination of an income tax.
 
Dixie said:
I have never understood the thinking behind a larger tax rate for people who make over a certain amount. It is as if we are saying they are somehow more obligated to help than others, based on their success. I understand, they make more and should have to pay more, but they do already, even when their rates are the same. But why should they give a larger portion of what they make than anyone else? That has never made sense to me, we are all supposed to be "equal" right? How is it, some of us are more obligated to shoulder the burden than others? We should all be equally responsible for the burden, it shouldn't be dependent upon how well you've done. If you made more, you naturally paid more, that's where it should end. You shouldn't pay more AND ALSO have a higher rate.

I think the arguments for "those who make over a million" are stupid because of the principle. You are establishing an arbitrary threshold where you will sell out your principles and admit that we should tax people based on how successful they are. For now, that amount is $1 million, what will it be in 25 years? We gonna keep it at $1 million forever and always? Yeah, right! 18-22% -- Everyone pays, with the exception of people who fall below poverty level, or live on fixed income, they pay nothing. No deductions or credits, no loopholes. Although, I would still prefer a national sales tax with the complete elimination of an income tax.
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In 25 years people making 1 million a year will be so poor it will be impossible to tax them at the exorbitant rate of 30%! They'll starve!

That's just SCIENCE people.
 
Occupant said:
All individials should pay the same flat rate % income tax on ALL personal income with no deductions.
That is fair.

Under those conditions about 15% should cover it.
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I would add a standard deduction to the above to protect the low income families. Same $30k per adult for everyone.

I would also add a second tier for those over $1mm... Thus 20% on everything over 30k, 30% on everything over $1mm. This is on all sources of income.

It is fair, progressive and most importantly simple. Everyone can understand it and the simpler the tax code, the harder it is to cheat the system.

With the above I would abolish the corporate tax.
 
Dixie said:
I have never understood the thinking behind a larger tax rate for people who make over a certain amount. It is as if we are saying they are somehow more obligated to help than others, based on their success. I understand, they make more and should have to pay more, but they do already, even when their rates are the same. But why should they give a larger portion of what they make than anyone else? That has never made sense to me, we are all supposed to be "equal" right? How is it, some of us are more obligated to shoulder the burden than others? We should all be equally responsible for the burden, it shouldn't be dependent upon how well you've done. If you made more, you naturally paid more, that's where it should end. You shouldn't pay more AND ALSO have a higher rate.

I think the arguments for "those who make over a million" are stupid because of the principle. You are establishing an arbitrary threshold where you will sell out your principles and admit that we should tax people based on how successful they are. For now, that amount is $1 million, what will it be in 25 years? We gonna keep it at $1 million forever and always? Yeah, right!

18-22% -- Everyone pays, with the exception of people who fall below poverty level, or live on fixed income, they pay nothing. No deductions or credits, no loopholes. Although, I would still prefer a national sales tax with the complete elimination of an income tax.
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1) The flat tax amounts should be adjusted annually for inflation/deflation
2) The national sales tax is the dumbest most regressive tax there is.
 
2) The national sales tax is the dumbest most regressive tax there is. '

That's one thing I agree with you on. Though I am not surprised to find that Dixie supports it.
 
Darla said:
2) The national sales tax is the dumbest most regressive tax there is. '

That's one thing I agree with you on. Though I am not surprised to find that Dixie supports it.
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You don't support the flat tax with standard deduction? A plan that would force the corporate tax onto the executives with high salaries and the stockholders? A plan that would eliminate all corporate subsidies? A plan that would guarantee that the tax code was progressive so that poor Mr. Buffett won't pay less than his secretary?
 
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